Self Knowledge Symposium Foundation EIN 56-2060876

Self Knowledge Symposium Foundation FY2024 filing

EIN  56-2060876 Public charity (501(c)(3)) Franklinton, NC Founded 1997
Form 990 (PDF)
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Size
$100K–1M
What they do
Inspire individuals and groups with a message of higher meaning and purpose.
Leadership
August Turak · President and Chair
Money in and out
$194K revenue, $319K expenses
Bottom line
46% program efficiency

Inspire individuals and groups with a message of higher meaning and purpose. For fiscal year 2024 it reported $194K in revenue, $319K in expenses, and $-149K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$194K
Pt VIII · Ln 12
Total expenses
$319K
Pt IX · Ln 25
Net assets
$-149K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$125K
Where spending went · Part IX cols B–D
Program services $0.46 Management & general $0.54
Program efficiency
46%
of spending reaches programs
Surplus margin
-64%
revenue over expenses, this year
Donor-funded
195%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$194K
FY2024▲ +31%
Expenses
$319K
FY2024▲ +103%
Total assets
$98K
FY2024▲ +22%
Total liabilities
$247K
FY2024▲ +5%
Total revenue
$194K
Pt VIII · Ln 12
Total expenses
$319K
Pt IX · Ln 25
Net assets
$-149K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$125K
Total assetsPt X · Ln 16$98K
Program-expense ratioPt IX · col B46%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $148K of program spending, described in the organization's own filed words · FY2024.
01

A book on spiritual awareness was being written and published.

$148Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSelf Knowledge Symposium Foundation
EINHdr · item D56-2060876
Principal addressHdr · item CFranklinton, NC
WebsiteHdr · item Jselfknowledge.org
Year of formationHdr · item L1997
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A33)
Ruling yearIRS BMFSep 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President and Chair
$0Pt VII · Sec A
VP, Secy and Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Accountant
$0Pt VII · Sec A

Melissa Hawks’s $36K as VP, Secy and Treasurer is at the 31st percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2023FY2022FY2021
Melissa Hawks$36,000$33,100$38,000$35,600
Cheryl Reedy$18,000$18,000$16,444

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants195%$379K
Total revenueLn 12$194K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.46 Management & general $0.54
Program services46%$148K
Management & general54%$171K
Total functional expensesLn 25$319K

Balance Sheet

Part X · end of year
CashLn 1$3K
Total assetsLn 16$98K
Total liabilitiesLn 26$247K
Total net assetsLn 32$-149K
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $98K · Operating expenses (Pt IX) $319K · Less non-cash grants $369K · Cash operating expenses/yr $-50K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $148K · Total expenses $319K
46%
Management & General
Management & general $171K · Total expenses $319K
54%
Fundraising
Fundraising $0 · Total expenses $319K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $223K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $379K · Total revenue $194K
195%
Government reliance
Government grants — · Total revenue $194K
Earned-income share
Program service revenue $0 · Total revenue $194K
0%
Investment reliance
Investment income $-191K · Total revenue $194K
-98%
Program self-sufficiency
Program service revenue $0 · Total expenses $319K
0%
Growth & trend
Revenue growth (YoY)
This year $194K · Prior year $149K
+31%
Net-asset trend (YoY)
End of year $-149K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $194K · Expenses $319K
-64%
Liabilities-to-Assets
Total liabilities — · Total assets $98K
Net-asset ratio
Net assets $-149K · Total assets $98K
-151%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $95K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $98K
97%
People & payroll
Highest Reported Total Compensation
Individual August Turak · Reported title President and Chair · Highest reported compensation $0 · Total expenses $319K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $319K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 46%
Overhead ratio 54%
Fundraising cost ratio 0%
Revenue growth 31%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$433K revenue · ⤓ 990 PDF
FY2024$194K revenue · viewing · ⤓ 990 PDF
FY2023$149K revenue · ⤓ 990 PDF
FY2022$147K revenue · ⤓ 990 PDF
FY2021$65K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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